How To Fix H1158 - No financial years defined in the period specified

H1158 - Overview

• Message type: E = Error

• Message class: H1 - Messages Used in HR Funds and Position Management

• Message number: 158

• Message text: No financial years defined in the period specified

What causes this issue?

No financial years have been defined for the period specified.
Consequently, there are no budget structure elements that can be
allocated in this period. As a result of this, you cannot define any
financing assignments either.

System Response

Financing not possible.

How to fix this error?

If you want to create financing assignments for the period in question,
you must first define a suitable financial year. The financial year
that you defined must contain an overall budget whose budget status is
<ls>Released</> (that is, that this overall budget can be allocated in
the financial year in question).
Alternatively, you can specify a different period.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message H1158 - No financial years defined in the period specified ?

  The SAP error message H1158, "No financial years defined in the period specified," typically occurs when you are trying to perform a financial transaction or reporting activity in a period for which no financial year has been defined in the system. This can happen in various modules, such as FI (Financial Accounting) or CO (Controlling).
  
  Cause:
  
  Missing Financial Year Definition: The financial year for the specified period has not been defined in the system.
  Incorrect Period: The period you are trying to access may not be open or may not correspond to a defined financial year.
  
  Configuration Issues: There may be issues with the configuration settings in the financial accounting module.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Financial Year Definition:
  
  Go to the transaction code OB29 (or navigate through the menu: Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Maintain Fiscal Year Variant).
  Ensure that the fiscal year variant is